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Teneo eyes data centre, services acquisitions

Alex Scroxton

Mid-market focused infrastructure optimisation reseller Teneo is targeting expansion into the data centre environment as part of a three-year growth plan, and may look to make acquisitions to bulk up its muscle in this area, according to CEO Piers Carey.

The Riverbed Diamond partner has just lifted the lid on full year results for the 12 months to the end of June; revenues were up 42% year-on-year to a record £13.4m while profits hit approximately £1m.

The firm hopes to become a £20m business within the next 18 months.

Speaking to MicroScope, Carey said: "We are trying to grow our services proposition. Not quite half of our business comes from services right now."

Having invested in the acquisition of security management outfit iSimile last year, Carey said the time was right to

"The first area we want is to add to and grow the managed services business. The second area is data centre skills," he said.

"We have been focused on the network, but we've recently taken on server optimisation products from Veloxum, and we want to take that further into the data centre, with a thought to what our play in the cloud will be," he added.

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